REDTAPE Limited
₹103.50-₹1.80 (-1.7%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹7,135 Cr
- P/E
- 36.5x
- EV / EBITDA
- 23.1x
- Revenue
- ₹2,018 Cr
- Net margin
- 9.3%
- ROCE
- 28.0%
Price chart
Technical chartScreen technicals →-24.1% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -12.0%
- 3M
- -22.6%
- 6M
- -19.4%
- 1Y
- -24.1%
- 5Y
- -16.1%
52-week range
Day change -₹1.80 (-1.7%) from ₹105 to ₹104 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in REDTAPE, bought on each weekday since 2023.
AI Summary
Indian StockStrengths1
- Healthy return on equity of 26.9%
Concerns1
- Negative free cash flow (₹97 Cr)
Rule-based from financial data. Not advice.
About the company
REDTAPE Limited manufactures and sells footwear and clothing for men, women, and kids in India and internationally.
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REDTAPE Limited manufactures and sells footwear and clothing for men, women, and kids in India and internationally. It offers footwear, such as boots, casual and formal shoes, sandals/slippers, sliders/flip flops, and sports shoes; topwear, including jackets, shirts, sweaters, sweat shirts/hoodies, and T-shirts; bottomwear, such as jeans, trousers, shorts, jeggings, and pants; and sports wear comprising active T-shirts and shorts, as well as innerwear comprising briefs. The company also provides accessories, including wallets, socks, handkerchiefs, caps, belts, and backpacks. It operates through retail and online networks, including exclusive brand outlets, major retail partners, and e-commerce platforms. The company offers its products under the RedTape, RedTape Athleisure, MODE by RedTape, and BOND STREET by RedTape brands. It also exports its products. REDTAPE Limited was founded in 1996 and is based in Noida, India.
- Sector
- Consumer Discretionary
- Shares outstanding
- 55.3 Cr shares
- ISIN
- INE0LXT01019
- BSE code
- 543957
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹7,135 Cr
- P/E
- 36.5x
- P/B
- 8.3x
- EV / EBITDA
- 23.1x
- EV / Sales
- 4.1x
- P/S
- 3.9x
- Earnings yield
- 2.7%
- 52-week high
- ₹141.10
- 52-week low
- ₹103.50
Profitability
- Operating margin
- 17.0%
- Net margin
- 9.3%
- EBITDA margin
- 17.6%
- ROE
- 26.9%
- ROCE
- 28.0%
- ROA
- 10.8%
- Dividend payout
- 0.0%
- Tax rate
- 25.0%
- Other income, % of PBT
- 4.8%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,018 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 10.2%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹322 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 32.5%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 8.2%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹82.0 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -26.1%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2.00 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 27.9%
Solvency and efficiency
- Current ratio
- 1.98
- Debt / Equity
- 0.76
- Debt / Assets
- 0.31
- Debt / EBITDA
- 1.49
- Interest coverage
- 8.41
- Financial leverage
- 2.48
- CFO / Net profit
- 0.48
- Cash / Market cap
- 12.7%
- Cash per share
- ₹16.40
- Asset turnover
- 1.17
- Fixed asset turnover
- 2.84
- Capital intensity
- 0.35
- Debtor days
- 18 days
- Inventory turnover
- 1.23
- Cash conversion cycle
- 207 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹9 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹1,679 Cr |
| Sales | Operating profit | ₹339 Cr |
| Operating profit | Interest | ₹54 Cr |
| Operating profit | Depreciation | ₹83 Cr |
| Operating profit | Profit before tax | ₹202 Cr |
| Other income | Profit before tax | ₹45 Cr |
| Profit before tax | Tax and other | ₹63 Cr |
| Profit before tax | Net profit | ₹184 Cr |
Revenue and net profit
Revenue grew 10.2% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2022 | ₹297 Cr | ₹25 Cr |
| FY2023 | ₹1,459 Cr | ₹136 Cr |
| FY2024 | ₹1,832 Cr | ₹170 Cr |
| FY2025 | ₹2,018 Cr | ₹184 Cr |
Cash flows
FY2025: -₹3.00 Cr from operations, -₹97.0 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2022 | ₹17 Cr | -₹5 Cr |
| FY2023 | ₹111 Cr | -₹5 Cr |
| FY2024 | ₹82 Cr | -₹33 Cr |
| FY2025 | -₹3 Cr | -₹97 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹2,018 Cr+10.2%1Y
- Net profit
- ₹184 Cr+8.2%1Y
- Cash from operations
- -₹3 Cr
- Free cash flow
- -₹97 Cr
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹2,018 Cr | ₹339 Cr | — | ₹184 Cr | -₹3 Cr | -₹97 Cr | 23.3% | +10.2% | +8.2% |
Monthly returns
Month-by-month returns of REDTAPE across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹2,219 Cr |
| Equity capital | ₹111 Cr |
| Reserves | ₹678 Cr |
| Borrowings | ₹724 Cr |
| Other liabilities | ₹707 Cr |
| Assets | ₹2,219 Cr |
| Fixed assets | ₹716 Cr |
| Capital work in progress | ₹46 Cr |
| Investments | ₹0 Cr |
| Other assets | ₹1,456 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
REDTAPE trades at 36.5x earnings against a peer median of 55.4x (a 34% discount).
Not shown (no positive earnings and no EV / Sales): Sapphire Foods India Limited, BlueStone Jewellery and Lifestyle Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| REDTAPE LimitedREDTAPEthis companyP/E ↓ discount | ₹7,135 Cr | 36.5x | 8.3x | 26.9% | 23.1x |
| V2 Retail LimitedV2RETAIL | ₹7,764 Cr | 75.1x | 18.9x | 9.8% | 54.1x |
| Campus Activewear LimitedCAMPUS | ₹7,736 Cr | 62.5x | 9.7x | 13.7% | 36.1x |
| PC JEWELLER LIMITEDPCJEWELLER | ₹7,548 Cr | 12.3x | 1.0x | -22.4% | -82.3x |
| Sapphire Foods India LimitedSAPPHIRE | ₹7,287 Cr | — | 5.9x | 4.1% | 18.4x |
| ETHOS LIMITEDETHOSLTD | ₹7,246 Cr | 74.4x | 5.1x | 9.2% | 40.5x |
| BlueStone Jewellery and Lifestyle LimitedBLUESTONE | ₹7,200 Cr | — | 4.3x | -40.8% | 90.3x |
| Mrs. Bectors Food Specialities LimitedBECTORFOOD | ₹7,094 Cr | 63.4x | 6.3x | 20.1% | 30.9x |
| Cera Sanitaryware Ltd.CERA | ₹6,541 Cr | 27.7x | 4.8x | 17.8% | 18.2x |
| Peer median | — | 55.4x | 6.3x | 11.8% | 36.3x |
Year-to-date ROI
REDTAPE since 1 January, against earlier years.
Historical volatility
REDTAPE's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2022 | 14.0% |
| FY2023 | 16.0% |
| FY2024 | 17.0% |
| FY2025 | 17.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹2,018 Cr |
| Costs | |
| Interest | ₹54 Cr |
| Expenses | ₹1,679 Cr |
| Operating profitOperating Profit | ₹339 Cr |
| Other income and charges | |
| Profit before tax | ₹247 Cr |
| Tax | |
| Net profitNet Profit | ₹184 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹2,219 Cr |
| Equity capitalEquity Capital | ₹111 Cr |
| Reserves | ₹678 Cr |
| Borrowings | ₹724 Cr |
| Other liabilitiesOther Liabilities | ₹707 Cr |
| AssetsTotal Assets | ₹2,219 Cr |
| Fixed assetsFixed Assets | ₹716 Cr |
| Capital work in progressCWIP | ₹46 Cr |
| Investments | ₹0 Cr |
| Other assetsOther Assets | ₹1,456 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹3 Cr |
| Investing cash flowCash from Investing Activity | -₹94 Cr |
| Financing cash flowCash from Financing Activity | ₹99 Cr |
| Change in cashNet Cash Flow | ₹2 Cr |
Learn while you research
Academy chapters picked for REDTAPE Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 36.5, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Cyclical vs Defensive StocksConsumer staples behave defensively across the business cycle.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read